Potential Bounce Candidates: TSRA, GOOG, USU, CRDN, FWLT, HWAY
Potential Bounce Candidates: Theses stocks have been sold off aggressively recently and traders will look for possible bounces in the stocks in the days ahead. Of course, they can continue lower.
Tessera Technologies, Inc. (Nasdaq: TSRA) sunk 34% yesterday after the company's patent infringement complaint against against Motorola (NYSE: MOT), Freescale, Qualcomm (Nasdaq: QCOM) and others were put on hold, pending completion of reexamination proceedings before the U.S. Patent and Trademark Office. Today the stock is up 5%
Google (NASDAQ: GOOG) fell 4.6% yesterday as analysts voiced concerns about recent ComScore paid-click data, which showed a 7% decline from last month. GOOG is down 30% over the last three months.
USEC Inc. (NYSE: USU) fell 26% yesterday after reporting disappointing Q4 results and guidance. Today the stock is up 5%.
Ceradyne Inc. (Nasdaq: CRDN) sank 24% yesterday after reporting disappointing Q4 results and lowering guidance. Today the stock is up 1.9%.
Foster Wheeler Ltd. (NASDAQ: FWLT) fell 15% yesterday after reporting Q4 earnings below Wall Street views. Today the stock is down another 4.5%.
Healthways, Inc. (NASDAQ: HWAY) fell 30% yesterday after lowering 2008 guidance. Today the stock is up 3%.
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